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Web3 DeFi Tools

CFIRE

iYield.com Financial Planning

iYield Financial Planning in the Crypto Era

In today’s rapidly changing financial landscape, traditional wealth management practices are evolving, particularly with the rise of cryptocurrencies and blockchain technologies. One of the exciting platforms catering to this shift is iYield.com —a crypto financial planning website designed for portfolio tracking, trading, and yield management. As a smart investor in this new world, grasping how tools like iYield operate not only empowers you to make informed decisions but also bridges the gap between conventional finance and the innovative realm of crypto. This lesson fits seamlessly into the Crypto Is FIRE (CFIRE) training plan, which aims to empower you with the knowledge and tools needed to achieve financial independence in the crypto space.

Core Concepts

Here are some essential terms and concepts that resonate through this lesson:

  1. Financial Planning: In traditional finance, financial planning involves budgeting, forecasting, and managing wealth to meet future needs. In the crypto world, this means using digital platforms like iYield to track not just cryptocurrency investments but also fiat, debts, and expenses.

  2. DeFi (Decentralized Finance): This is an umbrella term for financial services that operate on blockchain technology, bypassing intermediaries. In traditional finance, you would rely on banks for loans, while in DeFi, blockchain platforms allow you to lend, borrow, and earn interest in a decentralized manner.

  3. APY (Annual Percentage Yield): Traditionally, APY represents the annual rate of return on an investment or deposit. In the crypto context, it reflects the returns earned on staked or liquidity pool investments, allowing you to compare different yield-generating opportunities.

  4. Net Worth: Defined conventionally as assets minus liabilities, in the crypto world, net worth can extend to include various cryptocurrencies, NFTs, and digital assets—making tracking your financial health even more complex and exciting.

  5. Portfolio Diversification: In traditional finance, diversification is a tactic to mitigate risk by spreading investments across different asset classes. In crypto, diversification encourages holding various coins and tokens to capitalize on the volatility and unique opportunities the market offers.

  6. Budgeting Dashboard: Much like traditional financial dashboards, the budgeting feature in crypto tracking platforms helps you visualize income, expenses, and saving rates. It’s crucial for managing your financial life, especially when navigating unpredictable markets.

  7. Wallet Integration: In cryptocurrencies, a wallet holds your digital currency and can offer visibility into your portfolio. Traditional finance has bank accounts, while blockchain wallets give you a way to store, send, and receive digital currencies securely, without needing a central authority.

Understanding these concepts is vital for you as you embark on your crypto journey. They provide a foundation that will help you not only navigate the complexities of cryptocurrencies but also integrate them into a holistic financial strategy.

Key Steps

1. Taking the First Step with iYield

  • Exploration: Familiarize yourself with iYield’s features; create a free account to experience the platform.
  • Automatic Updates: By linking your crypto wallets, you’ll see automatic updates of your assets, simplifying financial tracking.
  • Combining Crypto and Fiat: Gain insights into both cryptocurrencies and traditional assets to have a comprehensive view of your net worth.

iYield is not just a crypto tracker; it combines various elements of traditional and crypto finance, hence enhancing your financial planning process immensely.

2. Utilizing DeFi Tracking

  • Integrating DeFi Protocols: Explore how iYield incorporates DeFi assets and yields into your overall portfolio analysis.
  • Understanding Yield Differences: Compare the APYs across different platforms and the implications of investing in various DeFi projects.

By recognizing how decentralized finance operates alongside traditional models, you build a pathway to diversifying and optimizing your investment strategies.

3. Creating a Budget Dashboard

  • Input Income and Expenses: Make sure to document all sources of income—crypto and fiat—along with your expenses.
  • Analyze Cash Flow: Use the dashboard to see how your cash flow looks over time and gauge your savings rate accurately.

This parallels traditional budgeting; what sets it apart is its real-time update capabilities tailored to your cryptocurrency transactions.

4. Tracking Multiple Addresses

  • Analysis of Whale Addresses: By inputting addresses of notable investors, analyze their strategies, which can serve as a guide for your own investments.
  • Identifying Patterns: Observe transaction patterns of significant holders, enhancing your market knowledge and investment tactics.

This speculative approach, akin to traditional investing where one might study institutional holdings, imbues your strategy with a sense of informed decision-making.

Crypto Analysis

In conventional finance, managing multiple accounts and investment vehicles may require extensive time and effort. Conversely, platforms like iYield provide a streamlined interface that lets you track diverse assets all in one place, highlighting a significant advantage of blockchain technology in financial management. The automation of transaction updates minimizes human error and offers a more accurate representation of your financial standing.

Examples

Visually, imagine a dashboard that dynamically represents your portfolio’s performance, integrating graphs that highlight your wealth composition on both crypto and fiat fronts. Similarly, consider hypothetical scenarios:

  • In a traditional setting, you might keep multiple spreadsheets for different assets; iYield centralizes this information with user-friendly analytics.
  • You could review investment performance comparing a residential property versus a crypto asset; iYield can track market shifts in real time, offering insights you wouldn’t get from traditional property management.

Real-World Applications

Historically, managing investments across various channels has often meant complex systems and navigable spreadsheets. In the cryptocurrency landscape, platforms like iYield.com act as disruptors, providing clarity and ease of use. Allowing you to blend DeFi investments with more traditional financial aspects fosters a sense of financial independence.

Cause and Effect Relationships

When you automate the tracking of your financial data, you eliminate human error, which can lead to better investment decisions. This is mirrored when you diversify your portfolio; if one asset performs poorly, other holdings can mitigate that loss, a principle proven well in both traditional and cryptocurrency markets.

Challenges and Solutions

Challenges:

  • Lack of understanding of how to track both crypto and fiat effectively.
  • Fear of losing money due to volatile markets.

Solutions:

  • Utilize comprehensive tools like iYield to provide clarity.
  • Educate yourself on managing risks through diversification and careful tracking, similar concepts found in traditional finance but executed in the crypto realm with unique methods.

Key Takeaways

  1. Holistic Financial Tracking: Embrace platforms that unify your traditional assets with cryptocurrencies for a complete financial overview.
  2. DeFi Adoption: Familiarize yourself with DeFi applications; they represent the new frontier of financial independence.
  3. Budget Management: Utilize budgeting dashboards to maintain your financial discipline.
  4. Continuous Learning: Monitor the tactics of top investors; education is key in both realms.
  5. Risk Mitigation: Diversification can serve as a safeguard against market volatility.
  6. Use of Automation: Take advantage of tools that automate tracking to streamline effort and reduce errors.
  7. Stay Informed: Join communities or follow resources that keep you updated on market changes and strategies.

Applied knowledge of these elements will fortify your journey in cryptocurrencies and help you navigate both the pitfalls and opportunities of this evolving landscape.

Discussion Questions and Scenarios

  1. How does tracking both fiat and crypto improve your financial decision-making?
  2. Compare the importance of diversification in traditional finance and cryptocurrency investments.
  3. Consider the relation between DeFi yields and traditional interest rates; which do you think offers more potential right now?
  4. Reflect on how automation in financial tools can change your approach to investments.
  5. If you were managing someone else’s crypto portfolio, how might your strategy differ from managing your own?
  6. Envision how tracking “”whale”” accounts might influence your investment decisions; is it a practice you would integrate into your strategy?

Glossary

  • Financial Planning: The process of managing one’s wealth and budgeting for future needs.
  • DeFi: Financial applications built on blockchain technology that allow for lending, borrowing, and earning yields without intermediaries.
  • APY: The annual rate of return earned on an investment or interest-bearing account.
  • Net Worth: The total value of all assets minus liabilities, including digital and fiat assets.
  • Portfolio Diversification: The practice of spreading investments across various asset classes to reduce risk.
  • Budgeting Dashboard: A tool that aggregates income, expenses, and savings rates to visualize financial health.
  • Wallet Integration: The process of connecting a digital wallet to track assets and transactions.

With these insights, you’re well on your way to mastering the integration of financial planning concepts within the crypto landscape. Continue to explore these ideas and enhance your financial journey!

Continue to Next Lesson

You’re just beginning! Let’s keep the momentum going in the Crypto Is FIRE (CFIRE) training program, where we’ll continue to unravel the mysteries of cryptocurrencies and smarter financial planning. Get ready for the next lesson!

 

 

Take Control of Your Financial Future with iYield

In a world brimming with investment options and complex financial landscapes, managing your crypto investments can feel overwhelming. Enter iYield, a revolutionary financial planning tool tailored not just for crypto enthusiasts but for anyone seeking a comprehensive understanding of their financial picture, whether in fiat or crypto. This tool provides clarity by allowing you to track all your assets, liabilities, income, and expenses, seamlessly integrating everything into one easy-to-manage dashboard. Understanding such tools is paramount in today’s hybrid financial environment, especially as the lines between traditional finance and cryptocurrency become increasingly blurred.

Core Concepts

  1. Financial Planning Tool

    • Definition: A system or software designed to help individuals manage their financial situation by outlining their income, expenses, and assets while allowing for future planning.
    • Crypto: In the crypto realm, iYield serves as a financial planning tool, integrating both crypto and fiat currencies, providing a complete view of your financial landscape.
    • Significance: For newcomers to crypto, understanding how to effectively manage and plan financial futures is essential to making informed investment decisions.
  2. DeFi (Decentralized Finance)

    • Definition: A sector of the financial industry that operates on public blockchains, providing services like lending, trading, and earning interest without traditional intermediaries.
    • Crypto: DeFi positions allow users to earn returns on their investments without relying on banks or traditional financial systems.
    • Significance: Newcomers must grasp DeFi’s fundamentals as it represents a significant shift from conventional finance, opening up new opportunities for returns.
  3. Tokens and Crypto Assets

    • Definition: Digital assets that can represent various forms of value or utility, ranging from cryptocurrencies like Bitcoin to tokens used for specific functions within blockchain ecosystems.
    • Crypto: iYield supports over 16,000 tokens, showcasing the diversity within the crypto landscape.
    • Significance: Understanding tokens is crucial for anyone eager to navigate the crypto space, as each token comes with its own risks and opportunities.
  4. Portfolio Tracking

    • Definition: The practice of monitoring the performance and value of financial assets held by an individual or institution.
    • Crypto: Unlike traditional portfolio trackers, iYield provides more holistic information, including debts, income, and expenses.
    • Significance: Knowing how to track and assess portfolio performance can make or break investment strategies.
  5. Staking Protocols

    • Definition: Processes by which users can participate in network operations for blockchain systems in exchange for rewards, typically involving locking up tokens for a specific period.
    • Crypto: iYield supports major staking protocols, allowing users to compare returns on different investments.
    • Significance: Grasping staking and its associated returns is vital for maximizing potential earnings in the crypto world.

Take Control of Your Finances

1. Understanding iYield’s Dashboard

  • Key Points:

    • Comprehensive view of assets and liabilities.
    • Comparison of returns from various DeFi positions.
    • User-friendly interface designed for both crypto natives and fiat users.
  • Detailed Explanation: The iYield dashboard provides not just asset values but also a broad financial picture by encompassing income, expenses, and debts. This enables you to make informed decisions, ultimately leading to better financial outcomes.

  • Traditional financial planning rarely offers this level of integrated insight, often forcing you to rely on multiple separate tools.

2. Exploring Your Crypto Assets

  • Key Points:

    • Support for over 16,000 tokens.
    • Tracking across 16 blockchains.
    • Real-time updates on asset performance.
  • Detailed Explanation: The vast array of tokens supported means you can optimize your investment strategy by assessing which assets are performing well and which aren’t. Staying informed about market dynamics can significantly influence your investment decisions.

  • Just as traditional investors diversify across stocks and bonds to spread risk, crypto users must learn to manage a diverse portfolio.

3. Evaluating DeFi Investments

  • Key Points:

    • Side-by-side performance comparisons.
    • Easily assess profit potential and risks.
    • Access to multiple DeFi and staking protocols.
  • Detailed Explanation: By allowing users to compare different DeFi investments, iYield eliminates uncertainty, enabling you to make crucial decisions with confidence.

  • In traditional finance, diverse investments typically lower risk. The same concept applies here, and understanding DeFi can help you make more strategic choices.

4. Integrating Income and Expenses

  • Key Points:

    • Track both crypto and fiat transactions.
    • Create a holistic financial overview.
    • Better budget management.
  • Detailed Explanation: Keeping tabs on your income and expenses in both realms strengthens your financial strategy, cultivating better money management habits.

  • Traditional banking lacks such integrated tools, often requiring separate budgeting sources. iYield simplifies the process, making it a vital tool in your financial arsenal.

Crypto On-Chain Analysis

  • Financial Planning Tool: Unlike traditional financial planning which can involve cumbersome processes and paperwork, iYield streamlines everything digitally, making it accessible and flexible.
  • DeFi: While traditional finance relies on banks, the rise of DeFi democratizes finance, allowing for more dynamic opportunities and innovations.
  • Tokens: The explosive growth of the crypto landscape means engagement requires an understanding of many digital assets. The challenges lie in their volatility and the necessity for informed decision-making.

Examples

While specific charts or visuals weren’t mentioned in the transcript, visual representations of ROI from various DeFi positions would be critical in adapting iYield’s digital dashboard.

Hypothetical Examples:

  1. In traditional finance, a diversified stock portfolio might yield an average annual return of 7%. In the crypto world, a well-managed DeFi portfolio could potentially outperform this, topping 15% or more with the right investments.
  2. Someone tracking their traditional savings alongside their crypto holdings could visualize compound growth over time—easily distinguished on an iYield dashboard.
  3. Staking rewards in the crypto space may feel like earning interest in a traditional savings account; however, the returns can be far more lucrative and complex.

Real-World Applications

Historically, individuals managing traditional investments often relied on standard financial products, from bank accounts to stock indexes. Now, as the financial landscape evolves, tools like iYield showcase the importance of integrating crypto into our financial planning.

By effectively managing both fiat and crypto assets, you can ensure a more secure financial future, navigating fluctuations in both traditional and crypto markets.

Cause and Effect Relationships

In traditional finance, a rise in interest rates often leads to a decrease in stock prices. Similarly, in the crypto sphere, increased regulatory scrutiny can deter investment, leading to price fluctuations. Understanding these dynamics is crucial to becoming a savvy investor in both contexts.

Challenges and Solutions

Challenges identified might include the volatility of crypto assets and the complexity of tracking diverse income sources and investments. Blockchain offers unique solutions through transparent transaction records and innovative financial tools like iYield, which supports diversified financial management, catering to both new and seasoned investors.

Common Misconceptions

Many newcomers fear that investing in cryptocurrencies is inherently risky compared to traditional finance, but understanding tools like iYield can mitigate those risks, fostering better decision-making.

Key Takeaways

  1. Comprehensive Financial Planning: A thorough investment strategy must incorporate all assets and liabilities.
  2. Diverse Investments: Engaging with various tokens is key to optimizing returns.
  3. Understanding DeFi: Knowledge of Decentralized Finance is essential in today’s financial landscape.
  4. Monitoring Performance: Using tools like iYield helps provide a clear view of investments.
  5. Integration of Income and Expenses: A unified approach to financial management across crypto and fiat platforms enhances budgeting and growth potential.
  6. Embracing Change: The shift from traditional banking to crypto opens new avenues for returns but requires adaptation and learning.

Discussion Questions and Scenarios

  1. How does the integration of crypto into financial planning change traditional investment strategies?
  2. In what ways does the performance of DeFi investments diverge from conventional stocks?
  3. Can managing a crypto portfolio offer more diversification benefits than a traditional portfolio? Why or why not?
  4. How can understanding your financial picture improve your investment decisions in both worlds?
  5. What challenges might you face when transitioning from traditional finance to a hybrid financial model involving crypto?

Glossary

  1. Financial Planning Tool: Software that helps manage financials and investments.
  2. DeFi: Decentralized systems that provide financial services without intermediaries.
  3. Tokens: Digital assets representing various forms of value or utility.
  4. Portfolio Tracking: Monitoring the performance of held assets.
  5. Staking Protocols: Processes for earning rewards by locking up tokens in a blockchain network.

By learning and exploring these concepts, you equip yourself with the knowledge needed to navigate not just the world of cryptocurrency but also the exciting intersection of finances that increasingly incorporates digital assets.

Continue to Next Lesson

Congratulations on taking a step toward mastering your financial future! Keep the momentum going by diving into the next lesson in your Crypto is FIRE (CFIRE) training program. Exciting topics await!

 

Read Video Transcript
[HOT🔥] – iYield – Your one-stop platform for tracking crypto, LP’s and manage your crypto!
https://www.youtube.com/watch?v=FR8O-qkePE8
Transcript:
 Yo, what is going on YouTube? Of course, it’s your boy Alexander’s guys. And today I’m back with a new video. Today we will be taking a look at I yield, which is a crypto financial planning website and kinda I would consider it a wealth  management type of site.
 It is really cool, it’s like your one-stop shop for crypto tracking and  all of that for your portfolios, for your investing, your trading, your yield tracking  as the name of the platform says and many other cool features. So before we start with the video  guys as always I need to let you know that  i’m not a financial advisor you should always do your own research and you should always do your  own due diligence because i don’t take any responsibility for your actions and with that  being said we can dive right into it guys so this platform you can actually try it out for free
 i’ve made an account so to kind of test it out and you know get familiar with um how to like get started you  know how how the features work so i can show it to you i’ve been using it for uh two days now  testing it and i think i’m good enough with it to show you how it works so you know they have  started i yield because you know us crypto investors they were constantly trying to track everything from like assets and incomes to debts and expenses.
 It kind of applies to all of us crypto investors in fact.  So all while juggling crypto prices and all the APYs.  So there was no tool that pulled everything together so they initially resorted to using a spreadsheet but updating it manually was pain obviously for them.  spreadsheet but updating it manually was pain obviously for them so they started adding automation and before they knew it they had something really useful for other crypto investors  too and that’s simply how iYield was born so it’s a nice simple but very cool history of how it got
 started okay so guys let’s dive into the website let’s see what they have on their main page first and then we will obviously jump into this beautiful beautiful dashboard here and i’ll explain all of this  stuff okay so yeah let’s get right into it so take a step towards financial independence  obviously you have some nice little previews of how the app looks like on your web and on your  phone version so obviously it is  very user-friendly it is very easy to navigate as well which is great iYield is the first crypto
 financial planning tool we take into account your assets debts incomes and expenses to show your  real network and savings rate for crypto and fiat combined this includes automatically tracking  defi yields get a grip on your finances make good decisions and become financially independent and they have some really cool features guys because in fact you can track  your entire financial picture with iYield like your assets debts income expenses you know  and they not only integrate just crypto but also defy protocols and traditional finance for a true
 sense of network so that’s great and obviously there is the automation part so prices apys and balances are automatically updated which takes the hustle out of manual  tracking and for many of you this could really be useful and beneficial especially if you are  trading a lot or investing in different uh LP pools or like liquidity pools right or different other like yield options so you know i yield could  tell you exactly how much money you are making and you can kind of plan out um you know your
 expenses your profits and all of that and then you can kind of you know budget for example more  wisely using this tool because you’ll be able to see how much you spend on a monthly basis,  how much money you make, what is your like overall income, what are your outcomes and all of that.  So it’s really a good tool if you think about it, okay? So why use iYield? You have combined crypto and fiat wealth dashboard with network and investment APY percentages, budget dashboard  with savings rate, which is your cash flow and savings projection over time, flexible and customizable, track all your crypto and fiat assets, debts, incomes and
 expenses, automatically track your DeFi yields with a consistent method for easy comparison,  so that’s what I told you, they also do support that, personalize your investments with custom  names and icons to show what they mean to you, so it’s also cool to kind of keep track especially if you have like a lot of positions you can keep track of your like most valuable  ones or your most important ones to you then you also have multiple spaces under one account to  separate different budgets and test experimental portfolios and you can also like track other
 wallet addresses so I actually went into ether scan and i found some whales you know kind of see there is obviously  bunch of transactions um and i just got these two random addresses that hold a lot and we can for  example see what they are doing what they are invested into and we can see their network what  kind of tokens they huddle uh so yeah it’s really cool because not only you can track your like  wealth your portfolio you can also in my opinion at least you can also  like go find some big traders and kind of see what they are invested into and then maybe you can copy
 that or do something with that or basically just analyze what other people are investing into like  in my opinion this tool has multiple uses not only like your personal wealth tracking but you can  also utilize it to i don’t know let’s say your family invest  in crypto or you and your friends invest in crypto or you do it together or something you can add  like multiple addresses track them and can you see how your portfolio how your wealth is growing so  yeah it actually does have a lot of freaking cool features to be honest guys okay so you can track
 your crypto finance finances across 16 000 tokens over 15 blockch so you can track your crypto finance finances  across 16,000 tokens over 15 blockchains you can see these are the supported ones  and then you also have full details in knowledge base you can see the supported  the supported cryptos and protocols then how you can add them and all of that so  for example you can add your assets and there is a whole explanation how to do it.
 And then if you want to see the overview, then you can see what kind of wallets they also support if you want to sign in with your Web3 wallet.  So, yeah, we will get into the dashboard in just a second, guys.  You know, I always like to go through the main page first, right?  Unified DeFi yield reporting.
 And as you can see, you can also check out what they are supporting.  That is like pretty much everything that you need you have master notes as well so really really  cool what crypto investors say you have some testimonials and you know um you can see uh what  people think about it basically how their experience is um how their experience is better  than other crypto apps as well so you have frequently asked  questions so you can see how much does i yield cost i yield is free and there are no ads as you
 can see why should i trust you with my financial information basically like it’s anonymous service  as they see as they say they don’t know they don’t want to even know your identity  so these are the core values of ielts design design and efforts and iYield will never ask for any access to your funds obviously because it’s a tracker okay what can they do when you link your wallet  because some people might be skeptical to that as well but if you are in web3 then you know  how connecting your wallet looks like and it takes like 10 seconds to read what kind of permissions
 you are giving so all it really does is gives them the visibility of your address so they can  track the funds so obviously they can’t move them in any way um but yeah still you don’t need to  even connect your wallet i’ll show you how to just track because again like i have those two  addresses here i’ll show you how to track them so yeah uh please add support for my defa investments  and then you can chat to them maybe they will do it you know so you have some about info then you also have why you should choose them to keep track there is obviously
 other apps that are expensive as well but they are not even remotely or closely as good as iYield  in my opinion and i need to pay for them like 20 30 50 bucks per month you know um so yeah the team  iYield is a team of crypto natives the founders have been active in the crypto community since 2013 we all get paid in crypto and keep most of our savings in crypto  so they are first of all believers second of all you know they will improve their tool because it  helps them as well as i told you regarding their story um so obviously they have the you know they
 have the courage to to go ahead and develop this thing and then the mission and their vision ielts mission is to empower fellow crypto holders to better understand and manage  their finances and investments this enables ielts users to make better decisions and confidently  leverage crypto to become financially independent all right guys because you will be saying oh  alexandro stop the yapping come on like show us how it works yeah yeah let’s go so this is the  the site in itself then  obviously you can upgrade it to pro as well it gives you some more benefits as you can see
 and it comes really really cheap as you can see it’s only 40 bucks per year so it’s pretty cool  and then you have free features are still in my opinion well done enough you have thousand items  10 tags and what we spare 10 spaces and obviously all of that but if you want to extend you can still do it and it’s  really really cheap so you know like 40 per year instead of like 30 per month i mean the math  should be muffing here you feel me so we have the dummy data so this is like um how do you call it
 like a demo version so you can see how the dashboard looks how to  interact with it so you have some like network as you can see it shows you your network shows  the capital efficiency it shows you your return on assets with incomes return on all assets  and you can see your wealth makeup your like breakdown of all the money that you’re making  as well as your debt so as you can see you have your assets you have your debts for example right and then you also have your budgeting where you can set up your
 in what you can see i should say your incomes and that’s what i’m kind of you know telling you so  for example you your incomes are 4 400 usd per month in crypto and then your expenses are about  2000 and it will calculate your savings rate how much you’re overall like profiting um per month in crypto and then your expenses are about 2000 and it will calculate your savings  rate how much you are overall like profiting um per month so it’s really cool again like  you know it’s it’s a nice thing to to utilize uh for many uh different use cases or to be honest
 all right guys so now i will be adding those um new wallets from etherscan so let me show you how to  do this all right guys so in order to do that all you have to do because we are on the dummy data  right now so what you have to do is go here into your wealth and then you can go to your real  finances and then you can add new as you can see and then you have those different  options right you have your web free wallet you have your finance and then manually you can add  your assets your debt your income your expense so let’s say i don’t know you have some kind of
 expense let me add this uh you are paying i don’t know freaking 30 bucks for your netflix per month  right so let’s say you call netflix right select a tag then you have to for example it’s fiat right fixed rate you add this  um so that’s like one thing then for example you can add your salary from your normal job so let’s  say you go into your income then and then i don’t know how much you make so let’s say 3000 per month and you call  it your salary then you select the tag then again it’s in fiat right and then you can add this and
 already it will be showing you uh how much you know incomes and how much expenses you have and  your savings rate right but then let’s say by the way you can manage different spaces you can add different spaces as you can see uh i don’t know let’s say you have trading accounts so or you want to track  some traders so let’s say you want to track trader number one you can change the icon as well kind of  cool they give you this customization option so i don’t know what you want to put here let’s uh  let’s do the banana man come on let’s go uh add space right so we switch to
 trader number one and then we go to our ether scan let’s i don’t know which guy we want to  choose this guy’s has four milli so i guess he’s the better option we copy his address and then  search by crypto address we search it right here we click the search button and now it will find  all the items it might take a little  moment like few seconds so obviously we wait and as you guys can see now i can add all of these  values and if this guy for example does liquidity pools this also would show up right here and then
 you can add those different lps and basically see how much money he’s making with those right so we hit the  add button and it will add them to this particular space this particular portfolio so this guy has a  lot as you can see so i did uh break the limit but obviously i mean obviously not so obviously  because you i don’t judge you might also have six million in your portfolio if you do then that’s good for you but well i guess if you do have six million you want  to track it then uh at the end of the day or if you i mean the amount is not that important but
 it’s more about the you know the asset values like not the asset values the asset amounts like  how many different coins you have how many different tokens and as you can as you guys  can see this guy has a lot of them so yeah then i bet  you can afford the 39 flat rate per year so i mean you know i don’t judge but it is what it is so in  this case you can see the whole network is 5.
8 million dollars the capital efficiency is two  percent so it still could be way more efficient than that okay so there could be much more than there is put to  work you know so it makes him more money you have the return on assets with incomes and the return  on all assets which also isn’t pretty good in this particular case so kind of surprising but that’s  what i’m saying you can see what kind of positions this guy has you know without like going like  that’s one of the one of the features that’s one of the things you can  do and it’s not even the complex one you know it’s like some something simple but it still saves a
 lot of time so you don’t need to scroll through these 278 tokens you just put it in i yield and  it will show you what kind of um what kind of things he is huddling right um so you can check  out the assets you can check out the devs this guy doesn’t  have any uh so yeah that’s basically his income from different pools as you can see so he doesn’t  really have much honestly i mean probably just forgot about those two i mean the guy who makes  five million so there’s probably are some remainings that are left on and they are still
 printing him like 250 bucks per month good for him i guess yeah so yeah that’s that’s our first guy right but then you can go ahead and  add the second guy which will check out for the reasons of this video so i don’t know let’s give  him this rocket icon maybe he is the good guy let’s see let’s see he’s holding 300 tokens in  this case so let’s go let’s go trade the number holding 300 tokens in this case. So let’s go, let’s go.
 Trader number two.  And then we go and paste the wallet again.  And again, if you want, you can connect your Web3 wallet.  If you don’t want to do that, you can just, as I’m pasting it here,  paste your own Web3 wallet address and it will work pretty much the same.  So this guy, I don’t know if he has some LP staking again.
 I don’t know really.  He has some LSTs, but yeah, I mean, it has some lsts but uh yeah i mean it’s again like  left over what is yeah 16 cents man whatever let’s just add him for the case of it uh you can still  go ahead and obviously the link will be down below in the description of this video but what i’m  trying to say is that you can still go ahead and test the tool on your own portfolio or same as me just go to ether scan  and find some transaction that is interesting for you find some guy test how it looks like and then
 once you get familiar with it uh you can use it with your own wallet so yeah let’s vote for the  you know for the case of the video let’s also do this guy in just a second so we have our trader  number two we can go to his assets we can check out his allocation so this guy is pretty heavy on shib as i can see yeah he has 120k in sheep  then he also has ftm a different other assets on other chains his capital efficiency is  pretty bad okay but again like it’s some random guy it’s some random guy that is maybe not that
 much into staking but you can again see his incomes guy it’s some random guy that is maybe not that much into  staking but you can again see his incomes which are in this case not that good maybe he is more  of a hodler we don’t even know what kind of address is that because it could be exchange  address even but i don’t think it is so yeah whatever let’s add another one i i mean you guys  probably get the idea right now if you still don’t then you just go to the knowledge base  and you can add different assets again like you know you have all the informations how to do all
 of these things how to add your positions how to add your for example torch nlp positions if you  are liquidity farming here it will show you how to do it but it’s a very very simple you paste your  wallet address and then it will show you your value your api it will calculate everything and  then again you can go ahead to your incomes and expenses and track it nicely i also wanted to invite you to their  twitter page or x page i don’t like to call it x but well it is what it is mr elon musk so yeah you
 can go ahead and follow them here they are pretty active and posting different news and updates so  if you want to stay updated with high yield uh same as you want to  stay updated with your own portfolio then you can go ahead and follow them so yeah anyway let’s do  the last guy let’s give him some funny i bet they have way low all right so let’s see what this  particular guy is all about uh so yeah for the sake of the video we’ll call him okay let’s do it with a dollar sign why not try the number three add space and now we go into him and then again same process guys add new
 paste search and let’s see maybe this guy has more optimized capital it would be really cool  if you know the third time is a charm you know as they say maybe maybe maybe come on it’s looking quite  interesting here’s some avalanche stuff he has some optimism okay uh but yeah he has only one  income i was already able to see on the on the tracking uh yeah 84 bucks but still man it’s  pretty cool uh so yeah you can track his portfolio and as you can see this guy has least in his  portfolio yet still he has the best capital efficiency he has almost 40 percent and you can see, this guy has least in his portfolio, yet still he has the best capital efficiency he has almost 40%.
 And you can get 99% you can I guess you can even get 100%.  So yeah, then again, you can track all of his addresses all of his positions as you  can see, he’s really diversifying, which is pretty cool.  So he has different stuff.  Then he has also 34,000 in this Ethereum LST as as you can see making him 84 bucks per month so yeah  that basically is our third guy and this will be the last but not least guy of this video  so guys to wrap this up i wanted to end this video saying that this is not a crypto tracker
 i mean it is a crypto tracker but it is not only a crypto tracker okay this isn’t not a crypto tracker. I mean, it is a crypto tracker,  but it is not only a crypto tracker, okay?  This isn’t just a crypto tracker.  It’s a full financial dashboard.  And that’s what I was trying to emphasize  throughout this whole video,  that these guys are more than just a tracker  because they have a lot of features  that simply crypto trackers don’t have.
 And best thing is that they’re free.  So if you want to check out iYield, guys,  I will link it  down below in the description of this video you can let me know in the comment section what you  think about them maybe you were already using them and yeah let me know that’s it from me for  today thank you so much for watching and see you guys in the next videos coming out soon
 
Take Control of Your Financial Future with Crypto’s First Financial Planning Tool
https://www.youtube.com/watch?v=hO1HMzON1AY
Transcript:
 Overwhelmed trying to manage your crypto investments?  Introducing iYield, a free financial planning tool for crypto natives.  Unlike portfolio trackers, which just get the value of your assets,  iYield reveals your full financial picture by also supporting  debts, incomes, and expenses in both crypto and fiat.
 The dashboard compares returns from your DeFi positions side by side.  This removes uncertainty and provides clarity to help you make better decisions.  iYield supports a growing list of over 16,000 tokens across 16 blockchains and 40 of the  top DeFi and staking protocols, as well as all fiat currencies.
 Ditch the spreadsheets and take control of your financial future.  Get started today at iYield.com.